CrowdStrike (CRWD, Financial) has announced the acquisition of Adaptive Shield, a SaaS security company. While the financial specifics of the deal remain undisclosed, it is expected to be primarily a cash transaction, with a portion paid in stock subject to vesting conditions. According to media reports, CrowdStrike will pay approximately $300 million for the Israeli company. The acquisition is expected to close in CrowdStrike's fourth fiscal quarter, pending customary closing conditions.
With this acquisition, CrowdStrike aims to become the only cybersecurity provider offering unified, end-to-end protection across the modern cloud ecosystem, guarding against identity-based attacks. Adaptive Shield will integrate into the CrowdStrike Falcon cybersecurity platform, enhancing the company's ability to prevent identity-based threats in modern hybrid cloud environments.
George Kurtz, CEO and founder of CrowdStrike, emphasized that the growth of SaaS and AI applications introduces complexities and misconfiguration risks for both human and non-human accounts, creating opportunities for sophisticated attacks. By acquiring Adaptive Shield, CrowdStrike seeks to maintain its leadership in identity-based cloud protection, delivering top-tier SaaS security through the Falcon platform.
